Karnataka Global Investors Meet: Texas Instruments President Highlights India's Semiconductor Future
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Synopsis
During the Karnataka Global Investors Meet, Texas Instruments President Santosh Kumar emphasized India's pivotal role in the semiconductor sector over the next decade, projecting significant growth and the need for robust education and research.
Key Takeaways
- The next decade is crucial for India's semiconductor industry.
- India’s semiconductor turnover is expected to rise from $40 billion to $400 billion.
- Investment in education and research is vital for semiconductor growth.
- India contributes 25% to global semiconductor design but lacks in manufacturing.
- Collaboration is essential for industrial growth.
Bengaluru, Feb 12 (NationPress) Discussing India's potential in the semiconductor industry, Santosh Kumar, President and MD of Texas Instruments, asserted that the next decade is crucial for India.
He made this remark during a panel on "India's Leadership in the Semiconductor Revolution" at the Global Investors’ Meet held in Bengaluru.
Opening the discussion, Santosh Kumar stated, “The next 10 years belong to India in the semiconductor sector. During this time, the industry's current turnover of $40 billion is projected to soar to over $400 billion. To capitalize on this opportunity, we must emphasize high-quality educators, research, and hands-on learning in our education framework. The government should bolster research efforts in educational institutions aimed at solving national challenges.”
India aspires to become a $5 trillion economy in the upcoming years, with $3 trillion anticipated from the ESDM (Electronics System Design and Manufacturing) sector. However, these prospects are not solely for India; other countries are also vying for a share. For India to lead, we need to enhance our quality education system, he stressed.
He emphasized that quality education and research are fundamental to India's semiconductor advancement.
Jitendra Chadda, Managing Director of Global Fab Engineering Solutions, pointed out that while India contributes 25% to global semiconductor chip design, we fall short in manufacturing. Over the next 5 to 10 years, artificial intelligence (AI) will permeate every sector, driving demand for personalized chip design expertise, which will necessitate investments ranging from $15 to $20 million.
The largest economies globally are becoming increasingly dependent on the semiconductor sector. While Taiwan and Japan lead in chip manufacturing, India has yet to establish a fully developed ecosystem to foster semiconductor growth, he noted.
Hitendra Garg, Vice President of NXP Semiconductors, shared an anecdote: “Two decades ago, when NFC (Near Field Communication) technology emerged, it had very few users. We had to wait nearly ten years for it to gain traction. Today, however, chip designs measured in nanometers are being created right here in Bengaluru. This underscores the capabilities of technology.”
He further mentioned that Karnataka's universities, colleges, and startups possess significant potential for the semiconductor industry.
India, particularly Karnataka, is already recognized as a global software hub, with Bengaluru being a center for extensive electronics research and development. Nonetheless, the absence of market-driven applications for these innovations poses a major challenge. Additionally, increased collaborations and partnerships are essential; without them, industrial growth will stagnate, he cautioned.
The session was overseen by Rangesh, a senior executive at Lam Research.
